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Exel Composites Plc revises its outlook for 2018

23.4.2018 16:25 EET

EXEL COMPOSITES PLC            STOCK EXCHANGE RELEASE            23 April 2018 at 16:25 EET

Exel Composites Plc announced today the acquisition of Diversified Structural Composites (“DSC”), with revenue for the fiscal year 2017, ended in March 2018, of USD 19 million and an operating loss close to USD one million. Restructuring initiatives since 2015 have progressively improved DSC’s profitability and breakeven profitability is expected to be reached in 2019.

As a result of the DSC acquisition, Exel Composites revises its outlook for 2018.

The revised outlook for the full year 2018 is:

“Exel Composites expects revenue to increase significantly and adjusted operating profit to increase in 2018 compared to 2017.”

The previous outlook was:

“Exel Composites expects revenue as well as adjusted operating profit to increase in 2018 compared to 2017.”

Exel Composites publishes its Business Review for January-March 2018 on Wednesday 9 May 2018 at approximately 09:00 EET.

Vantaa, 23 April 2018

Exel Composites Plc

Riku Kytömäki
President and CEO

For further information, please contact:

Riku Kytömäki, President and CEO
tel. +358 50 511 8288
riku.kytomaki@exelcomposites.com

Mikko Kettunen, CFO
tel. +358 50 347 7462
mikko.kettunen@exelcomposites.com

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Nasdaq Helsinki Ltd
Main news media
www.exelcomposites.com

Exel Composites Oyj, Vantaa head office, Mäkituvantie 5, FI-01510 Vantaa, Finland